Marvel: Contest of Champions developer Kabam’s $400M in revenue for 2014 is another record year

Kabam set another company high for revenue in 2014 — its fifth consecutive year of growth.

The studio reported revenue of $400 million for the year, which is a another record for the privately held free-to-play mobile-game publisher — although chief executive Kevin Chou admits this figure was still below Kabam’s original guidance. But it is still up from $360 million in 2013.  This comes as it continues to find success with The Hobbit: Kingdoms of Middle-earth and as it finds new hits with releases like fighting game Marvel: Contest of Champions. Mobile gaming is worth around $25 billion worldwide, according to market researcher Newzoo, and Kabam represents a significant chunk of that by catering to an audience that loves games but doesn’t spend as much time with consoles or PCs as they used to.